UCSD students and alumni will have access to a fintech incubator run by EvoNexus, Royal Bank of Canada and Franklin Templeton.
University of California, San Diego (UCSD)’s Rady School of Management has begun taking applications from its students and alumni for a new fintech startup partnership with local incubator EvoNexus.
UCSD students and alumni selected for the scheme will join EvoNexus’s new, fully-furnished incubator, established together with banking firm Royal Bank of Canada (RBC) and asset management firm Franklin Templeton.
Technologies of interest for the fintech incubator include artificial intelligence and machine learning, capital markets technology, cybersecurity, blockchain, mobile payments and peer-to-peer lending.
Others include bank, wealth and payments technology, insurance technology, applications related to financial regulatory processes, data science and predictive behaviour analytics.
EvoNexus launched in 2010 to foster commercially-viable companies in southern California. To date, EvoNexus has graduated 186 businesses that have raised a total of $1.4bn in funding, 19 of which were founded by UCSD personnel.
In addition to RBC and Franklin Templeton, EvoNexus’s partnerships include a materials science alliance with Merck Group subsidiary EMD Performance Materials and a technological pact with transportation and defence services provider Cubic Corporation.
EvoNexus’s startups are eligible for funding from investors including mobile chipset maker Qualcomm’s investment arm, Qualcomm Ventures, and satellite communications provider Viasat, which invests up to $250,000.